Question: We are assessing whether we can improve our tax position using the R&D credit. What do we need to qualify?

A: Many qualified businesses leave potential credits on the table at tax time because they do not realize that their activities qualify, advises Davis Sheets of independent accounting and business consulting firm Armanino, LLP. Supportable claims for the R&D credit are not limited to industries like pharmaceuticals and high tech. Any business can claim…

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